Extracted slide text
Personal finance is out of control
Personal finance is out of control. Financial Advice: most people don't have access to top experts, and can get lost among thousands of products. Increasing Debt: consumer debt topped $14 trillion in 2019. This is above levels hit during the 2008 financial crisis. Poor Savings: across North America and the UK, there are more than 100 million people who have less than $100 in their bank account.
Observation · not investment advice
What this slide does
“Personal finance is out of control” gives the deck a concrete problem claim. Personal finance is out of control. Financial Advice: most people don't have access to top experts, and can get lost among thousands of products. Increasing Debt: consumer debt topped $14 trillion in 2019. This is above levels hit during the 2008 financial crisis. Poor Savings: across North America and the UK, there are more than 100 million people who have less than $100 in their bank account. Its job is to make that part of the argument easy to grasp before the narrative advances to the next point.
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